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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Do I need to provide my joint account bank statement?

I am in bankruptcy for 3 years. I recently got married and my husband and I opened a joint bank account. He does not declare his income and therefore my allowed income is cut in half. My paycheque still goes into my bank account and I transfer it out to our joint account. My trustee […]

Filing personal bankruptcy without losing my business

If I am the sole principal for a construction corporation which employs 15 plus people but with no assets and I elect to file for bankruptcy for personal reasons only. I have been told I cannot be the principal of the company while in personal bankruptcy and would have to either appoint someone else the […]

Will I lose the insurance settlement?

Hi, I’m expecting a disability insurance settlement sometime in the next 9-12 months or more. I need to declare bankruptcy in the meantime. Will I lose the settlement? Posted from: New Brunswick

Will I be allowed to have or use somebody’s credit card?

Will I be allowed to have/use somebody’s credit card as an authorized user (not a cosigner!) during my bankruptcy? (Different trustees give different answers to this question, so I’m confused and also wondering who of them is less competent :)). Posted from: Quebec

Will they take his life insurance?

Husbands bankruptcy not discharged, he will have a financial penalty. This is presently being evaluated by a judge. He is 63 with some medical difficulties. As his spouse, if he dies before it is all paid off, will they take his life insurance? Secondly am I responsible to pay it off? Posted from: Quebec

How do I find out if she declared the money she owed me?

Someone owes me money personal loan. They are filling for bankruptcy and said they never have to pay me $4500. I lent this money when I was being related for seizures that were severe and most of the time I was post ital.. I had to cash in GST and refinance my home and finally […]

What about my furniture that is on deferred payment?

If I have furniture that is on a deferred payment from Leons – does this mean I loose my furniture if I go Bankrupt. Are thier senarios in which you could lose your house and vehicle? Posted from: New Brunswick

I owe CRA thousands due to errors filed by my ex

Hi there, I just found out that I am being audited for a mistake my ex-husband made a few years ago before we were separated. For 3 years he over estimated amounts and now I owe thousands of dollars. Instead of claiming bankruptcy, will I be able to try and sell it and use that […]

Should I file for Bankruptcy Before or After Christmas?

Before making the call to a trustee to start the process of filing for bankruptcy this month it may be worth taking the time to consider if it is better to file for bankruptcy before the holidays or to wait until the New Year.    There is no definitive right or wrong time to file but […]

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